Essays in Historical Criticism ..

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Essays in Historical Criticism ..
Edward Gaylord Bourne
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208 ESSAYS IN HISTORICAL CRITICISM be gathered from these facts. Navarrete prints a document of the year 1536 which estimated that an annual income of 600, 000 ducats could be derived from the Moluccas if a regular factory were established there for the development of the spice trade. 1 The value of the gold and silver that Spain derived yearly from America is variously estimated, but the contemporary estimates fall short of this estimated value of the spice trade. 2 The "Victoria, " the surviv
...ing ship of Magellan's expedition, reached Seville September 8, 1522, having justified all the heroic leader's assertions to the satisfaction of the Spanish authorities. 3 The question of the proprietorship of the Moluccas now became a pressing one, for Portugal had no intention of allowing Spain to steal in at the back door of her treasure house. February 4, 1523, Charles Y. Sent two ambassadors to the king of Portugal to propose an expedition to deter- mine the line of Demarcation and in the mean while the ob- 1 Navarrete, V, 165.

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